Oil India Limited (OIL), a Maharatna CPSE, held its 66th Annual General Meeting (AGM). Addressing the shareholders, Dr. Ranjit Rath, Chairman & Managing Director of OIL, reaffirmed the company’s resolve to build a resilient, diversified, and sustainable energy future for India—aligning with the national priorities of Atmanirbhar Bharat and Viksit Bharat, as the country marches towards achieving energy independence by 2047, as envisioned by the Hon’ble Prime Minister of India.
Dr. Rath drew attention to the inauguration of the world’s first bamboo-based 2G bio-ethanol plant by the Prime Minister, in the presence of the Chief Minister of Assam, the Minister for Petroleum & Natural Gas, the Minister for Ports, Shipping & Inland Waterways, and other senior central and state government officials, on 14th September 2025 at Numaligarh, Assam. He stated that the commissioning of this landmark project aligns with the Government of India’s import substitution and ‘Make in India’ efforts and demonstrates the company’s pioneering role in the bio-energy transition and value addition to local resources.
The Prime Minister also laid the foundation stone of a 360 KTPA polypropylene plant at Numaligarh, to be implemented by NRL at a project cost of over ₹7,000 crore. Juxtaposed to the expanded refinery, this project will raise NRL’s Petrochemical Intensity Index by 4.0. Numaligarh Refinery Limited is a major material subsidiary of Oil India Limited.
FY 2024–25 was a landmark year for OIL, marked by the highest-ever oil and natural gas production, supported by operational excellence and strategic growth. OIL recorded its highest-ever oil and oil-equivalent gas (O+OEG) production of 6.710 MMTOE since inception, along with the highest-ever natural gas production of 3,252 MMSCM.
On the financial front, the company reported a total income of ₹23,987 crore (standalone) and ₹37,830 crore (consolidated), with a net profit of ₹6,114 crore (standalone) and ₹7,040 crore (consolidated), reflecting strong margins of 27.64% and 19.47%, respectively. Despite global volatility, OIL’s disciplined capital strategy and operational excellence reinforced its financial strength. The company also sustained a robust capital investment program of over ₹18,000 crore on a consolidated basis while maintaining healthy dividend payouts to shareholders.
Innovation remained the backbone of the company’s performance, with cutting-edge technologies such as propellant stimulation, fishbone drilling, and AI-based reservoir modelling being deployed to unlock reserves, optimize costs, and enhance recovery. Fully aligned with India’s broader Net Zero 2070 goal, OIL made strong progress toward its Net Zero 2040 target, including a 59% reduction in flaring over the previous year, CO₂ emissions abatement, and energy efficiency measures.
OIL is scaling up investments in renewables, green hydrogen, biofuels, and CBG, alongside transformative projects through Numaligarh Refinery Limited, including a threefold capacity expansion, the 2G bio-ethanol plant, a green hydrogen project, and India’s first large-scale Sustainable Aviation Fuel (SAF) facility.
